ELISA CORPORATION STOCK EXCHANGE RELEASE
The Shareholders' Nomination Board of
The current member of Board, Ms
The Shareholders' Nomination Board proposes that Ms Clarisse Berggårdh, Mr
All the proposed Board Members are considered independent of the company and of its significant shareholders.
With regard to the selection procedure for the members of the Board of Directors, the Shareholders' Nomination Board recommends that shareholders take a position on the proposal as a whole at the General Meeting. This recommendation is based on the fact that at Elisa, in line with a good Nordic governance model, the Shareholders' Nomination Board is separate from the Board of Directors. The Shareholders' Nomination Board, in addition to ensuring that individual nominees for membership of the Board of Directors possess the required competences, is also responsible for making sure that the proposed Board of Directors as a whole also has the best possible expertise and experience for the company and that the composition of the Board of Directors also meets other requirements of the Finnish Corporate Governance Code for listed companies.
The Shareholders' Nomination Board proposes that the amount of annual remuneration for the members of the Board of Directors be changed, but that the level of remuneration for participating in meetings should remain unchanged. The proposal does not include share transfer restrictions; however the Nomination Board does require that members of the Board hold shares in the Company. The Shareholders' Nomination Board proposes to the Annual General Meeting as follows
The Chair is paid an annual remuneration of
According to the proposal, the annual remuneration will be paid partly in Company shares and partly in cash so that 40% of the remuneration is used to acquire Company shares in the name of and on behalf of the Board members, and the remainder will be paid in cash in order to cover withholding tax on the annual remuneration. The shares will be acquired for the Board members from the stock exchange on the third trading day following the publication of the first quarter interim report of 2022.
More information on the Shareholders' Nomination Board's proposal on the composition of the Board of Directors and its full proposals are available on
The Shareholders' Nomination Board of
IR Director
tel. +358 50 520 5555
Additional information:
Chair of the Shareholders' Nomination Board
tel. +358 10 830 8909
Distribution:
Nasdaq
Principal Media
elisa.com
https://news.cision.com/elisa-oyj/r/the-shareholders--nomination-board-s-proposal-on-the-composition-and-remuneration-of-the-elisa-board,c3463377
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